English Dictionary

PRIVATE ENTERPRISE

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IPA (US): 

 Dictionary entry overview: What does private enterprise mean? 

PRIVATE ENTERPRISE (noun)
  The noun PRIVATE ENTERPRISE has 1 sense:

1. an economy that relies chiefly on market forces to allocate goods and resources and to determine pricesplay

  Familiarity information: PRIVATE ENTERPRISE used as a noun is very rare.


 Dictionary entry details 


PRIVATE ENTERPRISE (noun)


Sense 1

Meaning:

An economy that relies chiefly on market forces to allocate goods and resources and to determine prices

Classified under:

Nouns denoting groupings of people or objects

Synonyms:

free enterprise; laissez-faire economy; market economy; private enterprise

Hypernyms ("private enterprise" is a kind of...):

economic system; economy (the system of production and distribution and consumption)

Hyponyms (each of the following is a kind of "private enterprise"):

capitalism; capitalist economy (an economic system based on private ownership of capital)


 Learn English with... Proverbs 
"Be careful what you wish for, you might just get it." (English proverb)

"Don't sell eggs in the bottom of hens" (Breton proverb)

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"The death of one person means bread for another." (Dutch proverb)



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